Financial Performance - The company's operating revenue for 2019 was CNY 14,025,273,714.19, representing a 10.08% increase compared to CNY 12,741,389,910.39 in 2018[15] - The net profit attributable to shareholders for 2019 was CNY 1,057,831,208.63, which is a 2.61% increase from CNY 1,030,929,806.22 in the previous year[15] - The total assets at the end of 2019 amounted to CNY 23,215,754,677.81, reflecting a 17.77% increase from CNY 19,712,419,073.18 in 2018[16] - The company's net cash flow from operating activities for 2019 was CNY 2,445,445,795.16, a significant increase of 31.85% compared to CNY 1,854,679,385.69 in 2018[15] - The basic earnings per share for 2019 was CNY 0.37, up 2.78% from CNY 0.36 in 2018[17] - The company's total operating revenue for Q1 2019 was approximately CNY 3.11 billion, Q2 was CNY 3.47 billion, Q3 was CNY 3.42 billion, and Q4 reached CNY 4.02 billion[19] - The net profit attributable to shareholders for Q1 2019 was CNY 238.31 million, Q2 was CNY 356.33 million, Q3 was CNY 323.49 million, and Q4 was CNY 139.71 million[21] - The company's total revenue from sales of goods and services reached ¥15,586,394,912.18, an increase from ¥14,209,015,450.48 in the previous year, representing a growth of approximately 9.66%[149] Assets and Liabilities - The company's total liabilities at the end of 2019 were CNY 11,649,952,746.34, which is a 16.09% increase from CNY 10,035,568,434.37 in 2018[16] - The company's total equity attributable to shareholders at the end of 2019 was CNY 11,019,954,427.04, representing a 19.82% increase from CNY 9,196,961,030.79 in 2018[16] - The company's asset-liability ratio decreased to 50.18% at the end of 2019, down from 50.91% in 2018, a reduction of 0.73 percentage points[16] - The total accounts receivable increased by 52.78% to ¥669,959,287.18, primarily due to increased receivables from natural gas and gas engineering[41] - Fixed assets increased by 32.90% to ¥11,677,244,631.28, reflecting the transfer of construction in progress to fixed assets[41] - The total liabilities reached ¥11,649,952,746.34, up from ¥10,035,568,434.37, which is an increase of approximately 16.1%[138] Cash Flow and Investments - The company achieved a net cash flow from operating activities of 2.445 billion RMB, representing a 31.85% increase compared to the previous year[32] - The cash received from the disposal of subsidiaries and other operating units increased significantly, reaching ¥11,050,153.57, attributed to the disposal of Nanjing Luyuan Gas Co., Ltd.[40] - The total cash inflow from operating activities was CNY 8,161,156,627.53, an increase of 11.8% compared to CNY 7,300,782,965.56 in 2018[152] - The cash outflow from investing activities was ¥3,441,153,068.51, up from ¥2,863,472,110.34, indicating an increase of approximately 20.14%[150] - The total cash inflow from financing activities was CNY 3,399,000,000.00, a decrease from CNY 4,247,100,000.00 in 2018[153] Market and Business Operations - The company operates in 45 cities across 9 provinces in China, focusing on urban pipeline gas supply and liquefied natural gas wholesale[26] - The company expects stable growth in natural gas sales due to favorable policies and urbanization trends in China[26] - The liquefied petroleum gas wholesale business faces challenges as users transition to natural gas, with future market expansion targeting areas without pipeline gas[26] - The company plans to enhance its market share in the bottled gas sector by integrating the bottled gas industry in Shenzhen[26] - The company has established a comprehensive R&D system with 243 intellectual property applications, including 124 invention patents[29] Corporate Governance and Management - The company appointed KPMG Huazhen LLP as the domestic accounting firm with an audit fee of RMB 1,700,000 for a term of 4 years[61] - The company has a structured compensation policy based on performance evaluation and industry standards to attract and retain talent[103] - The company has a diverse board with members holding significant positions in other major firms, enhancing its strategic network[94] - The company adheres to strict governance practices, ensuring compliance with relevant laws and regulations, and maintaining independent operations from its controlling shareholder[106] Social Responsibility and Community Engagement - The company has been actively involved in environmental protection and promoting clean energy as part of its corporate social responsibility[76] - The company implemented targeted poverty alleviation initiatives in Meixi Village, including education support and infrastructure improvements, to ensure the effective implementation of poverty alleviation policies[70] - A total of 171 impoverished individuals were lifted out of poverty by the end of 2019, representing a significant achievement in the company's poverty alleviation efforts[73] - The company allocated CNY 234,000 to support 34 impoverished students' education in 2019[74] Future Outlook and Strategic Goals - The company plans to continue expanding its gas supply services and infrastructure development in the Shenzhen area, aiming for increased market penetration and customer base growth[161] - The company aims to achieve natural gas sales of 4 billion cubic meters and liquefied petroleum gas sales of 550,000 tons in 2020[52] - The company plans to enhance customer service capabilities, with an investment of 30 million in training and technology upgrades[96] - The company is actively pursuing a strategy of market expansion and integration, aiming to enhance its position as a leading clean energy operator in China[51]

Financial Performance - Operating revenue for the period was CNY 2,833,284,055.53, representing a decrease of 8.85% year-on-year[4] - Net profit attributable to shareholders of the listed company was CNY 217,073,176.20, down 8.91% from the previous year[4] - Basic earnings per share remained unchanged at CNY 0.08[5] - The company's operating revenue for the reporting period was 2,833.28 million RMB, a decrease of 8.85% compared to 3,108.36 million RMB in the same period last year[10] - The net profit for Q1 2020 was CNY 223.67 million, down from CNY 252.91 million in the same period last year, representing a decline of 11.55%[20] - The total comprehensive income for Q1 2020 was CNY 223.67 million, compared to CNY 252.91 million in Q1 2019, reflecting a decrease of 11.55%[20] - The company's operating profit for Q1 2020 was CNY 282.51 million, down from CNY 294.57 million in Q1 2019, indicating a decline of 4.10%[21] - The company reported a total profit of CNY 273.39 million for Q1 2020, compared to CNY 306.83 million in Q1 2019, reflecting a decline of 10.90%[21] Assets and Liabilities - Total assets at the end of the reporting period were CNY 23,158,153,323.25, a decrease of 0.25% compared to the end of the previous year[4] - Net assets attributable to shareholders of the listed company increased by 2.00% to CNY 11,240,743,638.02[4] - Total liabilities amounted to ¥8,622,103,240.06, up 3.9% from ¥8,297,150,625.86 at the end of 2019[16] - Shareholders' equity totaled ¥10,137,010,566.84, an increase of 2.1% from ¥9,934,143,493.58 at the end of 2019[17] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 19,807,243.68, a significant decrease of 1,292.62% compared to the same period last year[4] - The cash flow from operating activities was CNY 2,840.90 million in Q1 2020, down from CNY 3,033.05 million in Q1 2019, a decrease of 6.35%[23] - The net cash flow from operating activities was -19,807,243.68 RMB, a significant decrease compared to 1,660,822.79 RMB in the previous year, indicating a decline in operational efficiency[25] - The cash flow from operating activities totaled 1,424,491,568.72 RMB, down from 1,471,374,510.00 RMB year-over-year, indicating a slight decline in revenue generation[27] Revenue Breakdown - Natural gas sales revenue increased by 2.50% to 2,082.98 million RMB from 2,032.16 million RMB year-on-year[10] - Wholesale sales revenue of liquefied petroleum gas decreased by 39.26% to 320.14 million RMB from 527.09 million RMB year-on-year[10] - Natural gas sales volume reached 732 million cubic meters, an increase of 15.82% from 632 million cubic meters in the same period last year[10] - Sales volume of natural gas to power plants surged by 147.76% to 166 million cubic meters from 67 million cubic meters year-on-year[10] - Non-power plant natural gas sales volume grew by 2.12% to 577 million cubic meters from 565 million cubic meters year-on-year[10] Shareholder Information - The total number of shareholders at the end of the reporting period was 25,572[8] - The largest shareholder, Shenzhen Municipal Government State-owned Assets Supervision and Administration Commission, held 50.07% of the shares[8] Research and Development - Research and development expenses for Q1 2020 were ¥22,118,549.55, a decrease of 44.1% compared to ¥39,614,246.68 in Q1 2019[18] - Research and development expenses for Q1 2020 were CNY 22.12 million, a significant decrease of 44.38% from CNY 39.61 million in Q1 2019[21] Financial Activities - Total cash inflow from financing activities reached 2,281,193,994.49 RMB, up from 1,319,827,247.95 RMB year-over-year, reflecting increased borrowing and capital inflow[26] - The total cash outflow for financing activities was 1,955,359,827.37 RMB, compared to 1,032,571,952.85 RMB in the previous year, indicating increased financial activity[26] - The company received 1,500,000,000.00 RMB from other financing activities, which was not recorded in the previous year, highlighting new funding sources[28]

Financial Performance - Net profit attributable to shareholders rose by 8.94% to CNY 918,123,870.82 for the year-to-date period[6] - Operating revenue for the year-to-date period increased by 6.25% to CNY 10,000,693,807.87 compared to the same period last year[6] - Basic earnings per share increased by 10.34% to CNY 0.32 for the year-to-date period[6] - The company reported a net profit of CNY 888,577,730.57 after deducting non-recurring gains and losses, an increase of 7.94% year-on-year[6] - The company reported a significant increase in operating profit, with operating costs rising by 6.78% to RMB 7,834,178,629.24[15] - The company reported a total profit of ¥408,394,347.69 for Q3 2019, compared to ¥290,697,989.11 in Q3 2018, marking an increase of 40.5%[26] - Net profit for Q3 2019 was ¥337,358,911.23, up 55.6% from ¥216,674,870.68 in Q3 2018[26] - The total comprehensive income for Q3 2019 was ¥337,358,911.23, up from ¥216,674,870.68 in Q3 2018, indicating a growth of 55.6%[28] Assets and Liabilities - Total assets increased by 10.85% to CNY 21,850,840,425.51 compared to the end of the previous year[5] - The total number of shareholders at the end of the reporting period was 28,103[10] - The total liabilities reached CNY 10.27 billion, compared to CNY 10.04 billion in the previous year, reflecting a rise of approximately 2.29%[21] - The equity attributable to shareholders was CNY 11.07 billion, a significant increase from CNY 9.20 billion, marking a growth of around 20.25%[21] - The total non-current assets amounted to CNY 16.67 billion, up from CNY 15.12 billion, indicating a growth of approximately 10.26%[20] - The total liabilities were CNY 6,180,121,189.22, remaining stable compared to the previous period[42] - Total liabilities decreased to ¥7,575,530,918.52 in Q3 2019 from ¥7,864,211,518.59 in Q3 2018, a reduction of approximately 3.7%[23] - Shareholders' equity increased from 8,376,385,251.98 to 9,707,212,825.98, reflecting an increase of 1,330,827,574.00[46] Cash Flow - Net cash flow from operating activities increased by 21.00% to CNY 1,823,745,184.72 year-to-date[5] - The net cash flow from operating activities for Q3 2019 was CNY 1,823,745,184.72, an increase from CNY 1,507,241,288.47 in Q3 2018[35] - Total cash inflow from operating activities was CNY 5,881,556,579.83, an increase from CNY 5,240,255,052.33, representing a growth of about 12.24% year-over-year[38] - The cash outflow for operating activities totaled CNY 5,471,353,655.48, up from CNY 4,769,201,175.64, indicating an increase of approximately 14.74%[38] - The net cash flow from investing activities was negative at CNY -88,610,296.85, an improvement from CNY -362,286,357.67 in the previous year[39] - Cash inflow from financing activities was CNY 1,599,000,000.00, down from CNY 4,162,100,000.00, showing a decline of about 61.66%[39] Revenue Breakdown - Natural gas sales revenue reached RMB 660,873,000, an increase of 9.30% from RMB 604,658,000 year-on-year, with sales volume growing by 6.67% to 2.258 billion cubic meters[12] - Liquefied petroleum gas wholesale sales revenue decreased by 18.00% to RMB 148,638,000 from RMB 181,264,000 in the previous year[12] - The company reported a total of CNY 5,727,759,753.27 in cash received from sales of goods and services, compared to CNY 5,040,616,716.11 in the previous year, marking an increase of about 13.63%[38] Government Subsidies and Non-Recurring Gains - The company recorded a government subsidy of CNY 21,587,784.01 year-to-date, contributing to its non-recurring gains[7] - The company received government subsidies, leading to an increase in non-operating income by 121.98% to RMB 21,867,030.38[16] Shareholder Information - The largest shareholder, Shenzhen Municipal Government State-owned Assets Supervision and Administration Commission, holds 50.07% of shares[10] Research and Development - Research and development expenses for Q3 2019 were ¥68,830,049.84, an increase of 9.3% from ¥62,965,123.18 in Q3 2018[25] - Research and development expenses for the first three quarters of 2019 totaled CNY 149,320,743.35, slightly down from CNY 154,931,075.32 in the same period of 2018[29] Other Financial Metrics - The weighted average return on equity decreased by 1.16 percentage points to 8.36% compared to the same period last year[6] - The company's cash paid for various taxes increased by 33.54% to RMB 648,113,257.99 from RMB 485,331,456.76 year-on-year[17] - Other current assets decreased by 47.43% to RMB 84,070,485.97 from RMB 159,010,717.93 in the previous year[14] - The company's cash and cash equivalents decreased slightly to CNY 3.02 billion from CNY 3.03 billion year-on-year, showing a decline of about 0.02%[20]

Financial Performance - The company's operating revenue for the first half of 2019 was CNY 6,583,257,398.22, representing a 6.69% increase compared to the same period last year[14]. - Operating profit decreased by 14.61% to CNY 718,621,107.88 from CNY 841,618,137.99 in the previous year[14]. - The total profit for the period was CNY 728,616,124.47, down 13.54% from CNY 842,762,414.88 year-on-year[14]. - Net profit attributable to shareholders was CNY 594,638,712.10, a decrease of 6.85% compared to CNY 638,394,704.24 in the same period last year[14]. - The net cash flow from operating activities was CNY 686,550,293.76, reflecting a decline of 24.27% from CNY 906,523,298.15[14]. - Basic earnings per share decreased by 4.55% to CNY 0.21 from CNY 0.22 in the previous year[15]. - The weighted average return on net assets was 5.49%, down 1.51 percentage points from 7.00% year-on-year[15]. - The total profit for the period was CNY 729 million, a decrease of 13.54% compared to the previous year[22]. - The net profit attributable to shareholders was CNY 595 million, down 6.85% year-on-year, with basic earnings per share of CNY 0.21, a decline of 4.55%[22]. Assets and Liabilities - The company's total assets increased by 8.13% to CNY 21,314,074,193.86 from CNY 19,712,419,073.18 at the end of the previous year[14]. - The total liabilities as of June 30, 2019, were CNY 10.106 billion, slightly up from CNY 10.036 billion at the end of 2018, indicating a marginal increase of about 0.7%[84]. - The company's total liabilities remained at CNY 10,035,568,434.37, with no significant changes reported in the liability structure[160]. - The company's debt-to-asset ratio improved to 47.42%, a decrease of 3.49 percentage points from 50.91%[14]. - The company's current ratio is 0.76, an increase of 2.70% compared to the previous year's 0.74[76]. Market and Operations - The company has over 3.4 million pipeline gas users, covering a population of over 16 million[19]. - The company has a stable gas supply with a procurement agreement for 271,000 tons of natural gas annually and a 4 billion cubic meters agreement with PetroChina[18]. - The company aims to increase bottled LPG sales by integrating the bottled gas industry in Shenzhen, targeting areas without pipeline gas[19]. - The company is focusing on expanding its market in towns without pipeline gas and areas not covered by gas networks[19]. - The company operates in 40 cities with pipeline gas business licenses, enhancing its competitive advantage[20]. Research and Development - The company has established a comprehensive R&D system and has received 131 intellectual property rights, including 108 patents[20]. - The company has developed AI monitoring systems and other technologies to improve safety and customer service[20]. Social Responsibility and Community Engagement - The company invested CNY 24.5 million during the reporting period, a decrease of 68.52% compared to the previous year[26]. - The company invested a total of 692,000 RMB in poverty alleviation efforts, with an additional 153,000 RMB from government funding, totaling 845,000 RMB[48]. - A total of 173 registered impoverished individuals were helped to escape poverty, with 166 individuals achieving this through targeted assistance[48]. - The company aims to ensure that all registered impoverished households meet poverty alleviation standards by the end of 2019, as part of a broader strategy to combat poverty[49]. Shareholder Information - The total number of ordinary shareholders reached 29,669 by the end of the reporting period[56]. - The total number of shares decreased by 237,900 shares, resulting in a total of 2,876,849,834 shares after the change[54]. - The largest shareholder, Shenzhen Municipal Government State-owned Assets Supervision and Administration Commission, holds 1,440,396,780 shares, accounting for 50.07% of total shares[57]. - The company repurchased and canceled 237,900 restricted shares due to the departure of two incentive plan participants[55]. Financial Management and Strategy - The company has not proposed any profit distribution or capital reserve increase for the first half of 2019, maintaining a conservative financial strategy[33]. - The company is actively monitoring the impact of market reforms on its operations, particularly in the natural gas sector, to mitigate risks[30]. - The company has a loan repayment rate of 100%[76]. - The company issued bonds with a total amount of RMB 5 billion for "16 深燃 01" and RMB 19 billion for "18 深燃 01" to repay debts and supplement working capital[71]. Compliance and Governance - The company appointed KPMG Huazhen as the auditor for 2019, with total audit fees amounting to 2.1 million (including tax)[35]. - There were no significant litigation or arbitration matters reported during the reporting period, indicating a stable legal environment[36]. - The company has committed to avoiding competition with Shenzhen Gas in specified regions since May 2008, ensuring compliance with competitive regulations[34]. Accounting Policies and Financial Reporting - The financial statements are prepared based on the going concern assumption, indicating confidence in the company's future operations[109]. - The company adheres to the enterprise accounting standards, ensuring the accuracy and completeness of its financial reporting[110]. - The company implemented changes in accounting policies effective January 1, 2019, due to the revised financial instrument standards, resulting in a reclassification of non-trading available-for-sale equity investments[158]. - The group recognizes current income tax and deferred tax based on taxable income for the year, calculated at the expected tax rate, plus adjustments for prior years[153].

Financial Performance - The company's operating revenue for 2018 was CNY 12,741,389,910.39, representing a 15.22% increase from CNY 11,058,777,569.46 in 2017[16]. - The net profit attributable to shareholders for 2018 was CNY 1,030,929,806.22, which is a 16.24% increase compared to CNY 886,876,369.17 in 2017[16]. - The basic earnings per share for 2018 was CNY 0.36, up 16.13% from CNY 0.31 in 2017[17]. - The company's total assets at the end of 2018 were CNY 19,712,419,073.18, a 4.96% increase from CNY 18,781,463,355.26 in 2017[16]. - The net cash flow from operating activities for 2018 was CNY 1,854,679,385.69, reflecting a 33.07% increase from CNY 1,393,803,301.02 in 2017[16]. - The total equity attributable to shareholders at the end of 2018 was CNY 9,196,961,030.79, a 9.28% increase from CNY 8,415,670,560.73 at the end of 2017[16]. - Total operating revenue for Q4 reached RMB 3,328,877,320.55, showing a steady increase from RMB 3,242,144,992.72 in Q3[20]. - Net profit attributable to shareholders for Q4 was RMB 188,178,677.94, a decrease from RMB 204,356,424.04 in Q3[20]. - Cash flow from operating activities in Q4 was RMB 347,438,097.22, down from RMB 600,717,990.32 in Q3[20]. Assets and Liabilities - The company's total liabilities at the end of 2018 were CNY 10,035,568,434.37, a slight increase of 0.45% from CNY 9,990,393,547.29 in 2017[16]. - The company's asset-liability ratio decreased to 50.91% in 2018 from 53.19% in 2017, a reduction of 2.28 percentage points[16]. - The company's total current assets amounted to CNY 4,587,779,698.97, a slight decrease of 0.68% from CNY 4,619,208,690.89 at the beginning of the year[141]. - Total non-current assets reached CNY 15,124,639,374.21, representing an increase of 6.81% from CNY 14,162,254,664.37 at the beginning of the year[141]. - Total liabilities rose to CNY 10,035,568,434.37 from CNY 9,990,393,547.29, an increase of about 0.5%[142]. - The total liabilities to equity ratio improved to approximately 1.04 from 1.13, indicating a stronger equity position[145]. Cash Flow and Investments - The company’s total cash inflow from operating activities was CNY 14,306,738,685.15, an increase of 14.3% from CNY 12,521,474,242.87 in the previous period[151]. - The net cash flow from operating activities was CNY 1,854,679,385.69, up 33.1% from CNY 1,393,803,301.02 in the previous period[151]. - The cash outflow from investment activities was CNY 2,863,472,110.34, a decrease of 29.7% compared to CNY 4,073,465,447.47 in the previous period[152]. - The total cash inflow from financing activities was CNY 6,304,170,484.96, slightly down from CNY 6,447,659,385.83 in the previous period[152]. - The ending cash and cash equivalents balance was CNY 2,931,611,889.22, an increase from CNY 2,461,021,999.45 at the beginning of the period[152]. Research and Development - Research and development expenses amounted to CNY 195,625,717.72, reflecting a 12.06% increase[30]. - Total research and development investment was CNY 219,223,271.19, accounting for 1.72% of operating revenue[36]. - The company invested 50 million RMB in research and development for new technologies in gas distribution[101]. Market and Industry Outlook - The urban pipeline gas industry is expected to see continuous growth due to favorable policies and urbanization trends[24]. - The company anticipates a positive outlook for natural gas sales driven by ongoing urbanization and consumption upgrades[24]. - The company is positioned to capitalize on the ongoing transition from coal to gas, with an estimated potential increase of 540 billion cubic meters of natural gas demand annually over the next decade[47]. - The company forecasts that by 2035, natural gas consumption in China will reach 620 billion cubic meters, driven by urban population growth and improved gas infrastructure[47]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 1.5 per 10 shares to all shareholders[4]. - The net profit attributable to ordinary shareholders for 2018 was RMB 1,030,929,806.22, representing a payout ratio of 41.86%[56]. - The company has consistently implemented a cash dividend policy since its listing, exceeding the requirements set forth in its articles of association[54]. Corporate Governance and Management - The company has retained the audit firm KPMG Huazhen for three years, with an audit fee of RMB 1,553,000[60]. - The company has established a performance evaluation and incentive mechanism for senior management, ensuring standardized and institutionalized assessment and incentives[117]. - The company strictly adheres to relevant laws and regulations to enhance corporate governance and ensure independent operations of the board and supervisory committee[112]. Employee and Community Engagement - The total number of employees in the parent company and major subsidiaries is 7,117, with 2,898 in the parent company and 4,219 in major subsidiaries[108]. - The company invested a total of 692 million in poverty alleviation efforts, helping 173 registered impoverished individuals to escape poverty[72]. - The company has plans to strengthen grassroots organization construction and enhance support responsibilities in future poverty alleviation efforts[74]. Financial Instruments and Risk Management - The company has a dedicated department and personnel for debt repayment, ensuring timely and full payment of bond obligations[123]. - The company maintains a stable credit outlook, with all bonds rated AAA by the credit rating agency[122]. - The company recognizes impairment losses for financial assets when there is objective evidence of impairment, including significant financial difficulties of the issuer or debtor[178].

深圳燃气 2018 年第三季度报告 一、 重要提示 深圳燃气 2018 年第三季度报告 公司代码：601139 公司简称：深圳燃气 深圳市燃气集团股份有限公司 2018 年第三季度报告 1 / 19 $$\mathbb{H}{\overline{{\mathbb{M}}}}$$ | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 6 | | 四、 | 附录 | 9 | 二、 公司基本情况 2.1 主要财务数据 单位：元币种：人民币 | | 本报告期末 | 上年度末 | 本报告期末比上年度末增 | | | --- | --- | --- | --- | --- | | | | | 减(%) | | | 总资产 | 19,525,612,083.76 | 18,781,463,355.26 | | 3.96 | | 归属于上市公司 | 9,001,970,653.47 | 8,415,670,560.73 | | 6.97 | | 股东的净资产 | | | | | | 归属于上市公司 | 3.13 | 2.92 | | 7 ...

Financial Performance - The company's operating revenue for the first half of 2018 was CNY 6,170,367,597.12, representing a 20.25% increase compared to CNY 5,131,401,706.67 in the same period last year[18]. - Operating profit increased by 13.49% to CNY 841,627,993.27 from CNY 741,564,633.19 year-on-year[18]. - Net profit attributable to shareholders was CNY 638,394,704.24, an increase of 11.60% compared to CNY 572,044,764.88 in the previous year[18]. - The net cash flow from operating activities was CNY 906,523,298.15, up 18.67% from CNY 763,895,590.42 in the same period last year[18]. - Total profit for the period was CNY 843 million, reflecting a growth of 13.07% compared to the previous year[36]. - Natural gas sales revenue amounted to CNY 4.03 billion, marking a 28.58% increase, with sales volume reaching 1.376 billion cubic meters, up 29.52%[36]. - The company’s liquefied petroleum gas sales revenue was CNY 1.395 billion, a year-on-year increase of 6.32%[37]. - The company reported a total comprehensive income of CNY 664,080,394.34 for the period, with a significant contribution from shareholder investments of CNY 664,227,663.00[123]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 19,955,156,585.52, a 6.25% increase from CNY 18,781,463,355.26 at the end of the previous year[18]. - The company's total liabilities increased by 8.15% to CNY 10,804,456,903.93 from CNY 9,990,393,547.29 year-on-year[18]. - The net asset attributable to shareholders was CNY 8,738,457,556.15, reflecting a 3.84% increase from CNY 8,415,670,560.73 at the end of the previous year[18]. - The company's total equity rose to CNY 9,150,699,681.59 from CNY 8,791,069,807.97, indicating an increase of around 4.1%[105]. - The company's total liabilities decreased by 12.5% compared to the previous period, indicating improved financial stability[123]. Shareholder Information - The company reported a total of 2,878,319,874 shares outstanding after the recent changes, with an increase of 664,227,663 shares[72]. - The top shareholder, Shenzhen Municipal Government, holds 1,440,396,780 shares, accounting for 50.04% of the total shares[75]. - Hong Kong and China Gas Company Limited is the second-largest shareholder with 470,610,934 shares, representing 16.35%[75]. - The company distributed a cash dividend of 1.50 RMB per 10 shares and issued 3 additional shares for every 10 shares held as part of the 2017 annual profit distribution plan[73]. Market Operations - The company operates in 38 cities across 8 provinces, focusing on urban pipeline gas supply and liquefied petroleum gas (LPG) wholesale and retail, with no major changes in its main business since establishment[25]. - The company serves over 3 million pipeline gas users, covering a population of more than 10 million, indicating a strong customer base and market presence[31]. - The LPG wholesale and retail business is fully market-oriented, with pricing subject to market fluctuations, while the company aims to expand into areas without pipeline gas access[26]. - The company plans to integrate the bottled gas market in Shenzhen, aiming to increase its market share and sales volume in the LPG sector[26]. Risk Factors - The company faces uncertainties in operations due to government reforms in natural gas pricing and potential supply disruptions during peak demand periods[45]. - Risks include fluctuations in international oil prices and the impact of the US-China trade war on the liquefied petroleum gas business[46]. - The company has implemented various measures to mitigate operational risks but acknowledges ongoing uncertainties in the market[45]. Corporate Social Responsibility - The company is committed to promoting clean energy and improving living environments as part of its corporate social responsibility initiatives[67]. - The company has committed RMB 20.4 million to install a 27.2KW photovoltaic power generation project for poverty alleviation, with all profits directed towards helping impoverished households[62]. - The company has provided vocational training to 48 impoverished individuals to assist in employment[64]. - The company has allocated RMB 1.86 million to support 39 impoverished students in education[64]. Financial Management - The company issued a total of 19 billion RMB in bonds this year, which increased cash flow and improved liquidity ratios[89]. - The current ratio improved to 0.78, up 39.29% from the previous year, primarily due to the bond issuance[95]. - The quick ratio also increased to 0.72, reflecting a 41.18% rise compared to last year, attributed to the same bond issuance[95]. - The company maintained a loan repayment rate of 100% during the reporting period[95]. Investment and Growth Strategy - The company plans to expand its market presence and invest in new technologies to drive future growth[124]. - The company is focusing on enhancing its product offerings and exploring potential mergers and acquisitions to strengthen its market position[124].

二、 公司基本情况 2.1 主要财务数据 深圳燃气 2018 年第一季度报告 公司代码：601139 公司简称：深圳燃气 深圳市燃气集团股份有限公司 2018 年第一季度报告 1/14 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 6 | | 四、 | 附录 7 | 深圳燃气 2018 年第一季度报告 一、 重要提示 3/14 单位：元币种：人民币 本报告期末 上年度末 本报告期末比上年度末增 减(%) 总资产 18,498,332,689.82 18,781,463,355.26 -1.51 归属于上市公司 股东的净资产 8,664,160,174.33 8,415,670,560.73 2.95 归属于上市公司 股东的每股净资 产（元/股） 3.91 3.80 2.89 年初至报告期末 上年初至上年报告期末 比上年同期增减(%) 经营活动产生的 现金流量净额 260,532,926.49 74,878,226.95 247.94 每股经营活动产 生的现金流量净 额（元/股） 0.12 0.03 300.00 年初至报告期末 上年初至 ...

Financial Performance - The company's operating revenue for 2017 was CNY 11,058,777,569.46, representing a 29.97% increase compared to CNY 8,508,946,951.38 in 2016[20] - The net profit attributable to shareholders for 2017 was CNY 886,876,369.17, which is a 14.88% increase from CNY 772,009,612.12 in 2016[20] - The total assets at the end of 2017 amounted to CNY 18,781,463,355.26, an 8.92% increase from CNY 17,243,495,674.64 in 2016[20] - The company's total liabilities were CNY 9,990,393,547.29, reflecting an 8.79% increase from CNY 9,183,369,988.45 in 2016[20] - The basic earnings per share for 2017 was CNY 0.40, up 14.29% from CNY 0.35 in 2016[22] - The weighted average return on equity increased to 11.00% in 2017, up from 10.42% in 2016, marking an increase of 0.58 percentage points[22] - The cash flow from operating activities for 2017 was CNY 1,393,803,301.02, a decrease of 9.55% compared to CNY 1,540,973,376.17 in 2016[20] - The company reported a net asset value attributable to shareholders of CNY 8,415,670,560.73, which is a 9.10% increase from CNY 7,713,487,994.87 in 2016[20] - The company reported a total profit of RMB 1,169,361,600.79, which is an increase of 14.8% from RMB 1,018,295,349.77 in the last period[177] - The company achieved a gross profit margin of approximately 26.4%, compared to 25.5% in the previous year[176] Market Expansion and Strategy - The company plans to expand its market presence in regions without pipeline gas, targeting towns and cities lacking gas infrastructure[31] - The company aims to increase its market share in the bottled gas sector by collaborating with the Shenzhen government to consolidate the industry[31] - The company is set to launch its self-built natural gas reserve and peak-shaving facility, enhancing its supply chain and operational efficiency[28] - The company is focusing on innovation and expansion strategies to transform into a leading clean energy operator in China[66] - The company plans to expand gas supply to power plants, targeting an additional annual gas volume of 380 million cubic meters from the Pingshan Huadian distributed energy project[67] - The company is actively involved in market expansion efforts, particularly in the liquefied natural gas sector, to meet growing demand[136] Operational Efficiency - The company constructed 142.08 kilometers of new municipal gas pipelines and upgraded 250.2 kilometers of old pipelines during the reporting period[40] - The company holds a 10% stake in the Guangdong LNG project, ensuring stable gas supply with a long-term procurement contract for 271,000 tons annually[32] - The company reported non-recurring gains of CNY 32.41 million in 2017, primarily from government subsidies and other operational income[26] - The company is integrating its liquefied petroleum gas business and enhancing its LNG industry chain to drive growth[66] Financial Management - The company has engaged in wealth management with a total of RMB 681,700,000 in entrusted financial management, all of which is from self-owned funds[85] - The company has a total of RMB 30,000,000 in a floating income wealth management product with an annualized return of 1.80%[87] - The company has a total of RMB 70,000,000 in another floating income wealth management product with an annualized return of 3.26%[87] - The company has a total of RMB 43,000,000 in a floating income wealth management product with an annualized return of 3.26%[87] - The company has a total of RMB 50,000,000 in a floating income wealth management product with an annualized return of 3.20%[87] Shareholder Information - The largest shareholder is Shenzhen Municipal Government, holding 1,107,997,523 shares, which represents 50.04% of the total shares[122] - Hong Kong and China Gas Investment Co., Ltd. holds 362,008,411 shares, accounting for 16.35% of the total shares[123] - The company has a total of 10 major shareholders, with the top three holding over 75% of the shares[122] - The company has issued a total of 1 billion RMB in corporate bonds, with 500 million RMB issued in two phases[118] Social Responsibility and Community Engagement - The company has invested RMB 9.6 million in poverty alleviation projects, including the construction of a water channel to benefit 380 acres of farmland[102] - The company has allocated RMB 516,400 for solar streetlight installation in a village, marking a significant step in rural development[102] - The company has supported 45 households in agricultural development projects, ensuring timely poverty alleviation for labor-capable households[103] - The company helped 176 registered impoverished individuals to escape poverty through various initiatives[106] Governance and Management - The company has maintained a stable governance structure with experienced personnel in key management positions, ensuring continuity and strategic alignment[136] - The company’s independent directors and supervisors have extensive experience in various sectors, including energy and finance, enhancing governance and oversight[136] - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 14.9587 million yuan[139] - The company has not granted any equity incentives to directors and senior management during the reporting period[137] Risks and Challenges - The company faces risks related to natural gas price volatility, regulatory changes, and supply uncertainties due to external factors[71] - The management emphasized the importance of regulatory compliance and risk management in their strategic planning[134] Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[134] - The company aims to enhance its sustainability efforts by reducing carbon emissions by 10% over the next three years[134]